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Off market
  • $507,900

    5970 Midnight Pass Rd #S-8, Sarasota, FL 34242

    1beds
    972sqft
    Condo - Hotel
    Built in 1975
    -- sqft lot
    $507,900 Zestimate®
    $523/sqft
    $6,649 Estimated rent

    Home value

    $507,900

    $452,000 - $569,000

    $6,649/mo

    Zestimate® history
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    What's special

    Siesta Key Beach - #1 Beach in America! You can own your own slice of paradise in one of the most beautiful areas. This one bedroom, one and a half bath condo on the Gulf side of the Palm Bay Club packs a lot of punch. With year round, short term rentals permitted, you can use the unit when you want (and escape the cold winters) and then rent it out to off set expenses. The kitchen, baths, and floors and furniture have been updated by the current owner in the last 5 years. It includes beach friendly tile floors throughout, granite countertops, excellent storage, and a high-end sleeper sofa. Four guests are permitted in this one bedroom unit. The owner grossed $38K in 2019, over $36 in 2018, $32K in 2017, and $38K in 2016. The income varied based on owner usage. Palm Bay Club is a Gulf-to-Bay resort style complex with on-site rental management, 2 pools, tennis court, pickle ball court, barbecue grills, boat docks for daily rental, fishing pier, and of course - private access to the powder sand of Siesta Beach. Siesta Key Village is just a short drive away to restaurants and shopping. Being sold turnkey furnished and in excellent shape, this unit is ready to go!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Originating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Microwave, Refrigerator
    • Laundry: Laundry Room, Outside
    Features
    • Ceiling Fans(s), Walk-In Closet(s), Thermostat, Living Room/Dining Room Combo, Solid Surface Counters, Window Treatments
    • Flooring: Tile
    • Windows: Blinds, Drapes
    • Furnished: Yes
    Interior area
    • Structure area source: Owner
    • Total interior livable area: 972 sqft

    Property

    Parking
    • Parking features: Open
    Features
    • Levels: One
    • Patio & porch: Screened, Covered
    • Exterior features: Stucco
    • Waterfront features: Gulf/Ocean
    • Body of water: GULF OF MEXICO
    Lot
    • Residential vegetation: Trees/Landscaped
    Details
    • Parcel number: 0105136235

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Other
    • Property subtype: Condo - Hotel
    Materials
    • Roof: Built-up
    Condition
    • Completed
    • Year built: 1975

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Sewer Connected, BB/HS Internet Available, Public, Cable Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: On Site Laundry Available
    Location
    • Region: Sarasota
    • Subdivision: PALM BAY CLUB III

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $533 monthly
    • Amenities included: Cable, Elevators, Fitness Center, Maintenance, Pool, Dock, Laundry, Tennis Court(s), Recreation Facilities, Optional Additional Fees, Boat Slip
    • Services included: Community Pool, Maintenance Grounds, Recreational Facilities, Trash, Cable TV, Maintenance Exterior, Pest Control, Pool Maintenance, Sewer, Water, Internet, Escrow Reserves Fund, Manager

    Other

    Other facts
    • Additional Parcels YN: 0
    • Appliances: Dishwasher, Electric Water Heater, Range, Refrigerator, Microwave
    • Available For Lease YN: 1
    • Community Features: Deed Restrictions, Pool, Fitness, Buyer Approval Required, Fishing, Tennis Courts, Waterfront, Water Access
    • Construction Materials: Block, Stucco
    • Cooling: Central Air
    • Country: US
    • Disclosures: Seller Property Disclosure, Lead Paint
    • DPRYN: 1
    • Fireplace YN: 0
    • Flooring: Ceramic Tile
    • Foundation Details: Slab
    • Heating: Central, Electric
    • Interior Features: Ceiling Fans(s), Walk-In Closet(s), Thermostat, Living Room/Dining Room Combo, Solid Surface Counters, Window Treatments
    • Homestead YN: 0
    • Listing Service: Full Service
    • Listing Terms: Cash, Conventional
    • Major Change Type: Pending
    • Mls Status: Pending
    • New Construction YN: 0
    • Other Exemptions YN: 0
    • Ownership: Fee Simple
    • Roof: Built-Up
    • Patio And Porch Features: Screened, Covered
    • Pool Private YN: 0
    • Utilities: Electricity Connected, Sewer Connected, BB/HS Internet Available, Public, Cable Connected, Water Connected
    • Previous Status: Active
    • Property Type: Residential
    • Sewer: Public Sewer
    • Syndicate To: Homes.com, HomeSnap, Realtor.com, Zillow/Trulia, International MLS
    • Water Source: Public
    • Water View YN: 0
    • Window Features: Blinds, Drapes
    • Laundry Features: Laundry Room, Outside
    • Lease Restrictions YN: 1
    • Num Of Own Years Prior To Lse: 0
    • Association Approval Required YN: 1
    • Association Fee Includes: Community Pool, Maintenance Grounds, Recreational Facilities, Trash, Cable TV, Maintenance Exterior, Pest Control, Pool Maintenance, Sewer, Water, Internet, Escrow Reserves Fund, Manager
    • Association Amenities: Cable, Elevators, Fitness Center, Maintenance, Pool, Dock, Laundry, Tennis Court(s), Recreation Facilities, Optional Additional Fees, Boat Slip
    • Exterior Features: Sliding Doors, Balcony
    • Vegetation: Trees/Landscaped
    • Building Elevator YN: 1
    • Property Condition: Completed
    • Zoning Compatible YN: 1
    • Levels: One
    • Direction Faces: Southeast
    • Building Area Source: Owner
    • County Or Parish: Sarasota
    • Flood Zone Date: 2016-11-04
    • List Agent AOR: Sarasota - Manatee
    • List AOR: Sarasota - Manatee
    • Parking Features: Guest, Covered, Open
    • Floor Number: 2
    • Garage YN: 0
    • Water Access: Gulf/Ocean, Bay/Harbor, Beach - Private, Beach - Access Deeded
    • Water Access YN: 1
    • Water Extras YN: 1
    • Waterfront Features: Gulf/Ocean
    • Waterfront YN: 1
    • Condo Land Included YN: 0
    • Flood Zone Code: AE
    • Public Survey Range: 18
    • Room Count: 4
    • Total Acreage: Non-Applicable
    • Minimum Lease: 1-7 Days
    • Stories Total: 3
    • Exist Lse Tenant YN: 1
    • Public Survey Section: 18
    • Architectural Style: Other
    • Pets Allowed: No
    • Condo Fees Term: Quarterly
    • Water Extras: Fishing Pier, Dock - Slip 1st Come
    • Water Body Name: GULF OF MEXICO
    • Property Description: Mid Rise
    • Furnished: Turnkey
    • MLS Area Major: 34242 - Sarasota/Crescent Beach/Siesta Key
    • Year Built: 1975
    • Property Sub Type: Condo - Hotel
    • Num Timesper Year: 52
    • Flood Zone Panel: 12115C0143F
    • Living Area: 972.00
    • Building Area Total: 972.00
    • Subdivision Name: PALM BAY CLUB III
    • Association Name: Palm Bay Club
    • Building Name Number: PALM BAY CLUB
    • Waterfront Feet Total: 249
    • Monthly Condo Fee Amount: 534
    • Additional Lease Restrictions: 3 night minimum
    • Condo Fees: 1601
    • Approval Process: fee and interview., Contact Palm Bay Club for application
    • Tax Annual Amount: 4933.00
    • Tax Year: 2020
    • Amenities Additional Fees: Contact office for day dock fee.
    • Water Frontage Feet Gulf Ocean: 249
    • Listing terms: Cash, Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    1/21/2021Sold$465,000-2.1%$478/sqft
    Source: Stellar MLS #A4484481 Report a problem
    12/28/2020Pending sale$475,000$489/sqft
    Source: Sarasota #A4484481 Report a problem
    12/21/2020Listed for sale$475,000$489/sqft
    Source: Sarasota #A4484481 Report a problem
    12/16/2020Pending sale$475,000$489/sqft
    Source: Sarasota #A4484481 Report a problem
    11/23/2020Listed for sale$475,000$489/sqft
    Source: BERKSHIRE HATHAWAY HOMESERVICES FLORIDA REALTY #A4484481 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2006$6,694 +5.7%$485,000 +12.8%
    2005$6,332 +26.6%$430,000 +33.7%
    2004$5,000 $321,500

    Find assessor info on the county website

    Neighborhood: 34242

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Phillippi Shores Elementary
    • Middle: Brookside Middle
    • High: Sarasota High

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value$507,900
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $507,900